Government
of India
Ministry of Finance
Department of Economic Affairs
Budget Division
New
Delhi, dated September 18, 2017
NOTIFICATION
Auction
for Sale (Re-issue) of Government Stock (GS)
F.No.4 (7) W&M/2017:
Government of India hereby notifies sale (re-issue) of the following
Government Stock:
Name of the Security
|
Date of Original Issue
|
Tenure
(yy-mm-dd)
|
Date of Maturity
|
Base
|
Method
|
Notified Amount
(in ? Crore)
|
6.84% GS 2022
|
Sep. 12, 2016
|
06-03-07
|
Dec. 19, 2022
|
Price
|
Multiple
|
3000
|
6.68% GS 2031
|
Sep. 04, 2017
|
14-00-13
|
Sep. 17, 2031
|
Price
|
Multiple
|
8000
|
6.57% GS 2033
|
Dec. 05, 2016
|
17-00-00
|
Dec. 05, 2033
|
Price
|
Multiple
|
2000
|
7.06% GS 2046
|
Oct. 10, 2016
|
30-00-00
|
Oct. 10, 2046
|
Price
|
Multiple
|
2000
|
The sale will be subject to the
terms and conditions spelt out in this notification (called ‘Specific
Notification’). The Stock will be sold through Reserve Bank of India,
Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions
specified in the General Notification F.No.4(13)–W&M/2008, dated
October 8, 2008 issued by Government of India.
Allotment
to Non-competitive Bidders
2. The Government Stock up to 5% of the notified amount of the sale will be
allotted to eligible individuals and institutions as per the enclosed
Scheme for Non-competitive Bidding Facility in the Auctions of Government
Securities (Annex).
Place and
date of auction
3. The auction will be conducted by Reserve Bank of India, Mumbai Office,
Fort, Mumbai-400 001 on September
22, 2017. Bids for the auction should be
submitted in electronic format on the Reserve Bank of India Core Banking
Solution (E-Kuber) system on September
22, 2017. The non-competitive bids
should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive
bids should be submitted between 10.30 a.m. and 12.00 noon.
When Issued
Trading
4. The Stock will be eligible for “When Issued” trading in accordance with
the guidelines issued by the Reserve Bank of India.
Date of
issue and payment for the stock
5. The result of the auction shall be displayed by the Reserve Bank of
India at its Fort, Mumbai Office on September
22, 2017. The payment by successful
bidders will be on September
25, 2017 i.e. the date of re-issue.
The payment for the stocks will include accrued interest on the nominal
value of the Stock allotted in the auction from the date of last coupon
payment date to the date upto which accrued interest is due as mentioned in
the table in para 6.
Payment of
Interest and Re-payment of Stock
6. Interest will accrue on the nominal value of the Stock from the date of
last coupon payment and will be paid half yearly. The Stock will be repaid
at par on date of maturity.
Name
of the Security
|
Coupon
rate
(%)
|
Last
Coupon payment
|
Date
upto which accrued interest is due
|
Date
of Coupon payments
(month / date)
|
6.84% GS 2022
|
6.84
|
June 19, 2017
|
September 24, 2017
|
Dec 19th and June 19th
|
6.68% GS 2031
|
6.68
|
Sep 17, 2017
|
September 24, 2017
|
Mar 17th and Sep 17th
|
6.57% GS 2033
|
6.57
|
June 05, 2017
|
September 24, 2017
|
Dec 05th and June 05th
|
7.06% GS 2046
|
7.06
|
April 10, 2017
|
September 24, 2017
|
Oct 10th and April 10th
|
By
Order of the President of India
(Prashant
Goyal)
Joint Secretary to the
Government of India
|